Ningbo Gaofa Automotive stock dividend – NINGBO GAOFA AUTOMOTIVE CONTROL SYSTEM Announces 0.5 Cash Dividend
June 3, 2023
🌥️Dividends Yield
On June 2 2023, NINGBO GAOFA AUTOMOTIVE CONTROL SYSTEM ($SHSE:603788) announced a 0.5 CNY cash dividend per share to shareholders. For 2021 and 2022, the dividend yields were 4.11% and 4.43%. This ex-dividend date is scheduled on June 8 2023. Furthermore, with the current market environment offering limited economic growth prospects, this may be an excellent opportunity for investors to receive higher returns through dividends.
Share Price
Following the announcement, the company’s stock opened at CNY11.5 and closed at CNY11.6, representing an increase of 0.4% from the previous closing price of 11.5. This dividend is part of NINGBO GAOFA AUTOMOTIVE CONTROL SYSTEM’s ongoing effort to reward shareholders for their loyalty and support. The company’s commitment to returning value to its shareholders has been evident in the past with a consistent dividend payout for the last five years. Investors can now look forward to receiving their dividends when they are paid out in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ningbo Gaofa Automotive. More…
| Total Revenues | Net Income | Net Margin |
| 1.04k | 105.74 | 11.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ningbo Gaofa Automotive. More…
| Operations | Investing | Financing |
| 118.91 | -184.14 | -120.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ningbo Gaofa Automotive. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.3k | 311.45 | 8.81 |
Key Ratios Snapshot
Some of the financial key ratios for Ningbo Gaofa Automotive are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.3% | -16.6% | 12.0% |
| FCF Margin | ROE | ROA |
| -6.4% | 3.9% | 3.4% |
Analysis – Ningbo Gaofa Automotive Stock Fair Value
GoodWhale conducted a fundamental analysis of NINGBO GAOFA AUTOMOTIVE CONTROL SYSTEM and came to the conclusion that the fair value of the company’s shares is around CNY11.8. This number was calculated using our proprietary Valuation Line. At the current trading price of CNY11.6, the stock is slightly undervalued by 1.4%. Therefore, this stock presents a good opportunity for investors to buy at a fair price. More…
Peers
It is one of the most technologically advanced companies in its field, competing against some of the largest companies in the industry such as Jiangyin Pivot Automotive Products Co Ltd, Ningbo Hengshuai Co Ltd, and Launch Tech Co Ltd.
– Jiangyin Pivot Automotive Products Co Ltd ($SZSE:301181)
Jiangyin Pivot Automotive Products Co Ltd is a Chinese automotive components manufacturer that specializes in the production of steering systems, brakes, suspension systems, and other components. The company has a market cap of 3.22B, as of 2023, indicating a strong financial backing from investors. Furthermore, the company has a Return on Equity of 6.75%, showing it is able to generate a return on its shareholders’ investments.
– Ningbo Hengshuai Co Ltd ($SZSE:300969)
Ningbo Hengshuai Co Ltd is a Chinese company primarily engaged in the manufacture and sale of sanitary products. At the end of 2023, the company had achieved a market cap of 5.02B, demonstrating its success in the industry. Furthermore, its Return on Equity was 11.8%, indicating that its profitability and financial performance have improved significantly over the years. The company’s high-performance products have attracted a large number of customers from across the world and helped it gain a strong foothold in the market.
– Launch Tech Co Ltd ($SEHK:02488)
Launch Tech Co Ltd is a leading technology company, specializing in the development of innovative products and services. With a market cap of 860.11M as of 2023, the company has established itself as a leader in its industry. Its Return on Equity (ROE) of 24.58% demonstrates its strong market presence and ability to generate significant returns for shareholders. The company continues to invest in research and development, as well as marketing and business development initiatives, to ensure its continued success.
Summary
NINGBO GAOFA AUTOMOTIVE CONTROL SYSTEM is a good pick for investors looking for reliable dividend income. Over the last three years, the company has consistently issued an annual dividend per share of 0.5, 0.5, and 0.6 CNY with corresponding dividend yields of 4.11%, 4.11%, and 4.43%. This gives an average dividend yield of 4.22%, which is higher than the market average and quite attractive to investors. Furthermore, NINGBO GAOFA AUTOMOTIVE CONTROL SYSTEM has a history of stability and reliability, making it an ideal company to invest in for long-term growth and income.
